Production forecasting decline curve analysis: Difference between revisions

no edit summary
No edit summary
No edit summary
Line 266: Line 266:
An in-depth description of application of DCA to reserves estimation is outside the purview of this guideline, however some typical situation and their treatment are discussed in section II of this chapter.
An in-depth description of application of DCA to reserves estimation is outside the purview of this guideline, however some typical situation and their treatment are discussed in section II of this chapter.


While everything else remains same, estimation of reserves does come up with several typical situations to which there are no ready answers. Some of these situations are listed out below for reference. The solutions to these problems could vary from engineer to engineer or organization to organization. Some of the best practices have however been compiled and can be found in '''section 2'''.
While everything else remains same, estimation of reserves does come up with several typical situations to which there are no ready answers. Some of these situations are listed out below for reference. The solutions to these problems could vary from engineer to engineer or organization to organization. Some of the best practices have however been compiled and can be found in [http://petrowiki.org/Production_forecasting_principles_and_definition production forecasting principles and definition].


*What should be the start point of the forecast if rate changes significantly in last or last few months.
*What should be the start point of the forecast if rate changes significantly in last or last few months.
Automoderated users, Bureaucrats, checkuser, contributors, createpage, diff, display-new-unapproved-content, displaysubtitle, edit, editsandbox, history, industry, Interface administrators, member, memberonlyaccess, minoredit, Moderators, override, reupload, reupload-own, Staff, Administrators, upload, Upload Wizard campaign editors, viewlinktolatest, watch, widgeteditor, wysiwyg
7,247

edits